Davis Polk is advising Atairos Group, Inc. on its acquisition of Learfield Communications, Inc. from Providence Equity Partners and other shareholders. Financial terms of the transaction were not disclosed.

Atairos is an independent, private company focused on supporting growth-oriented businesses across a wide range of industries. Atairos was launched in 2016 with more than $4 billion in committed capital and has offices in New York and Bryn Mawr, Pennsylvania.

An industry leader for more than four decades, Learfield has a deep presence in the college athletics landscape nationwide. It manages the multimedia and sponsorship rights for more than 120 collegiate institutions, conferences and arenas, and supports athletic departments at all competitive levels as title sponsor of the Learfield Directors’ Cup. Learfield also provides its collegiate partners access to professional concessions and ticket sales; branding, licensing and trademark consulting; digital and social platform expertise; campus-wide business and sponsorship development; and venue and technology systems through its affiliated companies.

The Davis Polk corporate team includes partners William J. Chudd and associates Cheryl Chan and Nicholas C. Phillips. Partners Joseph P. Hadley and Sartaj Gill and associate Ilona C. Potiha are providing credit advice. Partner David H. Schnabel and associate Kay Ng are providing tax advice. Partner Edmond T. FitzGerald and associate Tricia E. Walsh are providing executive compensation advice. All members of the Davis Polk team are based in the New York office.

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